Prof. Lawrence White on regulation and credit rating agencies

— February 14, 2013

Excerpt from Bloomberg -- "I think it's generally recognized when the bond issuers ask and are paying for the rating, there's a potential conflict. No question. But that conflict was present not only in the mortgage bonds but it's been present for over 40 years in plain vanilla corporate bonds, muni bonds, sovereign government bonds, and it didn't blow up there."